Because “monotowns”—towns dominated by a single factory or industry—are vulnerable to economic disruptions, Kazakhstan is working to diversify its local economies.
USAID’s Diversification of Monotown Economies (DOME) program is helping to create jobs; develop micro, small and medium enterprises; and strengthen organizations that support entrepreneurship in six monotowns in Kazakhstan’s Karaganda region: Abay, Saran, Satpayev, Shakhtinsk, Temirtau and Zhezkazgan.
In 2010, the Government of Kazakhstan initiated the Business Road Map–2020 program to promote entrepreneurship in non-oil sectors of the economy. The program, implemented by the Entrepreneurship Development Fund “Damu,” subsidizes interest rates and provides service support to local businesses. To support regional development, the Fund opened 12 entrepreneurship support centers in single-industry regions in 2013.
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